Finance

Banking

Banking sector key to sustainability – EY report

According to research by Big Four company EY, European banks are among the world’s leaders on sustainability; with the 10...

Debt

Romanian companies owe EUR 15 bln to state budget

Companies in Romania continue to pile up debts to the state budget, although pressure on cash flow has decreased compared...

Debt

Gen gov’t deficit near HUF 540 bln at end-Feb

Hungary's cash flow-based general government, excluding local councils, reached HUF 539.7 bln at the end of February, the Finance Ministry...

Banking

Pandemic-related provisions weigh on OTP profits

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell 31% year-on-year to HUF 71.5 billion as pandemic-related...

MNB

MNB sets dates for EUR liquidity swap tenders

The National Bank of Hungary (MNB) has announced dates for euro liquidity swap tenders it will hold late in March...

Banking

Poland holds key interest rate at record low

The National Bank of Poland held its benchmark reference rate at a record low of 0.1% during its meeting on...

Debt

ÁKK sells HUF 82.5bn of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, HUF 27.5 bln over...

Banking

Széchenyi Card crisis credit schemes extended till year-end

The deadline for applying for low-interest credit schemes for Hungarian companies hit by the coronavirus crisis available in the framework...

MNB

HUF 30 tln sent through instant payment

Hungarians have transferred HUF 30 trillion using the instant payment system rolled out by the National Bank of Hungary (MNB)...

Banking

Hungarian banking sector lags behind in green finance

Hungary's banking sector has until now "only marginally" weighed environmental sustainability and lags behind peers in Western Europe, the National...

Banking

Romanian c.bank FX reserves drop in February

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 35.139 billion at the end of...

MNB

MNB buys HUF 60 bln in QE securities

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the workweek...

Banking

MFB offers loan guarantees to support economic recovery

The state-owned Hungarian Development Bank (MFB) on Tuesday announced the launch of credit guarantees it is rolling out as part...

Trade

Surplus on external trade in services at EUR 810 mln in Q4

In Q4 2020, service exports and imports calculated in EUR decreased by 32% and 25% respectively compared to Q4 2019,...

Debt

ÁKK sells HUF 15 bln of 3-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...